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Question: Dec. 14 Closing Price:
<$6,000 - 10 (11.4%)
$6,000-$6,500 - 5 (5.7%)
$6,500-$7,000 - 9 (10.2%)
$7,000-$7,500 - 11 (12.5%)
$7,500-$8,000 - 18 (20.5%)
$8,000-$8,500 - 11 (12.5%)
$8,500-$9,000 - 4 (4.5%)
>$9,000 - 20 (22.7%)
Total Voters: 88

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21457366 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (137 posts by 31 users deleted.)
JayJuanGee
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June 12, 2017, 11:44:36 PM

new ATH by friday - yawn

Gosh!!!!  Could be, but I would suspect it more reasonable to take an extra week, so maybe sometime in the middle of next week. 

On the other hand, I could understand that the bullish trend would just continue, since we have been quite close to breaking $3k on a couple of occasions, so in that regard, a quickie correction makes sense.
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June 13, 2017, 12:20:36 AM

Drunk thought: The stupid rise of alts is a trap to trick people into divesting btc into ANYTHING ELSE. And then pumping btc.

no: and then PULL IT, that is try to crash them all at once. Imagine the bad publicity for crypto by what might happen with ETH.

The funny thing is that either one of these scenarios could occur, and the 'community' would retroactively somehow rationalize how this it always the plan.  Cheesy
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June 13, 2017, 01:15:32 AM

Lost good opportunity to short some alts because my Bitcoin is stuck somewhere in the menpool.

Feeling bad
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June 13, 2017, 02:24:01 AM

GBMiners is now signalling segwit Smiley

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This is a simple business decision. Bitmain is the only source for Bitcoin mining machines. Either you deal with Bitmain or you are not a miner and right now Bitmain wants people running Bitcoin Unlimited
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June 13, 2017, 02:35:26 AM

Lost good opportunity to short some alts because my Bitcoin is stuck somewhere in the menpool.

Feeling bad



Stuck in the menpool:(
Kanapka
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June 13, 2017, 02:41:41 AM

GBMiners is now signalling segwit Smiley

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This is a simple business decision. Bitmain is the only source for Bitcoin mining machines. Either you deal with Bitmain or you are not a miner and right now Bitmain wants people running Bitcoin Unlimited

But isn't the difference only in the software and the mining can be done with the old machines?

Or if there segwit or unlimited wins all the miners will have to be thrown away
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June 13, 2017, 02:48:58 AM

Bitmain cheats a bit with their miner microcode. That cheat would not work with Segwit, thus their systems would be somewhat slower. Which would make them sad.
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June 13, 2017, 02:55:07 AM

Coming back nicely from the low of $2480. This looks to be a great trend of powering up to new highs and having healthy pullbacks.
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June 13, 2017, 02:58:17 AM

Bitmain cheats a bit with their miner microcode. That cheat would not work with Segwit, thus their systems would be somewhat slower. Which would make them sad.

They know they can't pull that trick indefinitely, in fact they knew that from the beginning. Jihan BU is a fan of game theory, let's just hope he is also a good practitioner and do the right decision at the right TIME.
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June 13, 2017, 03:04:22 AM

This looks like it could be the end of the rally to me, tbh.
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June 13, 2017, 03:09:28 AM

This looks like it could be the end of the rally to me, tbh.

Why? We are at beginning of the week.
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June 13, 2017, 04:34:12 AM
Last edit: June 13, 2017, 04:57:04 AM by r0ach


My shtf plan is mobility. First sign of bad things coming and I find my next country to live in. And they all take bitcoin.

What do you call a sign of bad things?

Probably when a foreign (((entity))) forms a state within a state of your own nation and controls the media, banks, govt, and election process itself with things like AIPAC while claiming "Russia" is rigging the election.  Wait, that already happened.

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June 13, 2017, 05:27:30 AM

morning
Added few more into thin ether shorts,
Later i plan on to set up buy orders for bitcoin starting from 2200 to 1500. (just for case it gets there. but technically its not out of question. (Only its not easy to apply forex technical analysis on cryptos)
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June 13, 2017, 05:33:19 AM

News from the front...

$8million in ETH stolen from some gambling DApp. https://etherscan.io/address/0x11b85b4e2fadaebe04a251377aa35b9be3c785f0

$100million in ETH stuck in Bancor with a potentially buggy code.
https://twitter.com/izqui9/status/874304123868516352

If it weren't for the men's pool I'd be short right now.

!RemindMe

Don't do it. Remenber "the markets can be irrational much longer than you can remain solvent".

Only one time I shorted ETH and I was extremely lucky I closed my short on time. It is now more than double than when I shorted it.

Cryptocurrencies are an asymetrical gamble. When you go long you know how much you can lose on the worst case. Shorting? I have seen shitcoins going 100x in almost no time. Risky business.
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June 13, 2017, 05:42:29 AM

Don't do it. Remenber "the markets can be irrational much longer than you can remain solvent".

Because "markets" (especially in cryptocurrency) don't exist, just pump and dumps.  Anyone that's been around a long time can remember 3 years ago when there was a series of good news with places like Newegg and Overstock.com announcing they would accept bitcoin and what happens?  The prices goes down each time.  Then suddenly there's a series of bad news recently with things like ETF being rejected, Bitfinex - the market maker exchange since a price of $200 having Gox-like issues, and what happens?  Price goes up for no reason.

Recently the price went from $1200 to $2800 for no reason, then dumps to $1800 for no reason.  None of it was based on any type of fundamentals, aggregate market, or news.  There is no market, it's just however high some guy like Barry Silbert wants to try and raise it before he dumps on you.  Once they can find nobody to continue chasing their pump, they load up on shorts and create a new bear market on purpose, which is also not based on any type of fundamentals.

In practice, generally anything that's not the unit of account of something is nothing more than a pump and dump.  The only unit of account in the past 5000 years of recorded human history that's not catastrophically imploded is gold and silver.
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June 13, 2017, 07:23:39 AM

Why? We are at beginning of the week.

Bearish divergence. Break-out was a failure which shows lagging momentum. I guess things could still turn around, but with Eth stealing fiat inflows, I'd not be confident. The latter should also crash spectacularly at some point.
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June 13, 2017, 08:51:47 AM

Don't do it. Remenber "the markets can be irrational much longer than you can remain solvent".

Because "markets" (especially in cryptocurrency) don't exist, just pump and dumps.  Anyone that's been around a long time can remember 3 years ago when there was a series of good news with places like Newegg and Overstock.com announcing they would accept bitcoin and what happens?  The prices goes down each time.  Then suddenly there's a series of bad news recently with things like ETF being rejected, Bitfinex - the market maker exchange since a price of $200 having Gox-like issues, and what happens?  Price goes up for no reason.

Recently the price went from $1200 to $2800 for no reason, then dumps to $1800 for no reason.  None of it was based on any type of fundamentals, aggregate market, or news.  There is no market, it's just however high some guy like Barry Silbert wants to try and raise it before he dumps on you.  Once they can find nobody to continue chasing their pump, they load up on shorts and create a new bear market on purpose, which is also not based on any type of fundamentals.

In practice, generally anything that's not the unit of account of something is nothing more than a pump and dump.  The only unit of account in the past 5000 years of recorded human history that's not catastrophically imploded is gold and silver.

I am not so sure about that. In fact, yesterday I had a thought: What if 21century was the last one in which PM's had any value? I mean.... times are changing... and there are other stuff that we have been reliying upon for centuries that finally get rid of for a better alternative.

I know, I know, PM's have had value since milleniums ago... but the tech society that is beginning could change many of those ancient customs.

Well, maybe I am wrong and there's still some decades of value left on those PM's but... If I were heavily invested into it I would start diversifying right now. Real state, cryptocurrencies, whatever.... some hedging never hurts.

Plus, almost anything would give you a better ROI than PM's anyways, so what's to lose?
JayJuanGee
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June 13, 2017, 08:57:58 AM

Why? We are at beginning of the week.

Bearish divergence. Break-out was a failure which shows lagging momentum. I guess things could still turn around, but with Eth stealing fiat inflows, I'd not be confident. The latter should also crash spectacularly at some point.


This is my second time responding to this post - a reformulation of two of my deleted posts...

My great ideas must be shared, no?


Yefi:  You could be correct, but it seems to early to call,no?

I thought that there was a pretty decent potential to be taking advantage of the ongoing momentum in BTC for another 5 weeks or so of upwards price pressures and upwards movement.

If we get derailed at this time, then it is likely that we are not going to have another pump until September or later (after the USAF bullshit finds some kind of path forward)..

Therefore, seems like we gotta have a bit more upwards price movement rather than down in the coming weeks - even if there is simultaneous money flowing into other coins, 

So, even though there still seems to be a lot of money coming into the crypto space... BTC prices are currently floating in the upper $2700s.  We seem to be having a bit of a better recovery from the about 17% correction than I had expected.

Within several hours after the initial correction, I was thinking that the BTC price range was in the about $2,500 to $2,750 territory, and that we were more likely to break downward from that range rather than upwards in the short term, but all in all this correction would be a quickie because we are returning to surpass $3k and to go into the $4k to $6k range...

Now, we are trickling upwards, beyond my initial assessment of the price range and it seems that we are breaking upwards out of the range  rather than down..

 Surely, we are not out of the correction stages, yet... but this current upwards price pressure is feeling kind of bullish.
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June 13, 2017, 09:18:29 AM

Coming back nicely from the low of $2480. This looks to be a great trend of powering up to new highs and having healthy pullbacks.

You may be right. But I for myself will not get too excited at the moment. We still could continue moving down or maybe will when Scamthereum has surpassed BTC in terms of marketcap (which is a ridiculous metric as most of us here know). So the noobs and kiddies who came in lately, mostly to make a quick buck, plus the weak hands may shift to other coins or back to fiat. The astroturfing, trolling and shilling will be huuge when this happens! Also the mainstream media will jump on that bandwagon! So be prepared!
Therefore this week could end as a red one, and not green! We will see. My advice: stay calm and hodl! Let the others freak out and run around like headless chickens.
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June 13, 2017, 10:06:32 AM

This is me predicting ETH bubble pop and 5B USD flowing to BTC in next 2weeks:

https://twitter.com/VitalikButerin/status/874521946079232000

How dare you infer Vitalik is a scammer for performing a 1:1 replica of the movie Wolf of Wall street, issuing an IPO for a dodgy proof of stake coin without solving any of the issues that make proof of stake not viable, and then issuing another IPO inside the IPO of the unviable coin.
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